| Trustees | S.Ekins (Secretary) | S.Ekins (Secretary) | |||
|---|---|---|---|---|---|
| M.Adams | |||||
| P. Thompson | |||||
| J. Kilpin | |||||
| P. Mulligan | |||||
| J.Rooke | |||||
| C Dungey | (Appointed | 27June 2021) | |||
| 8Wlliams | (Appointed | 27June 2021) | |||
| J.Guest | (Appointed | 1 July 2022) | |||
| P Potter | (Appointed | 20 March 2022) | |||
| J Dickenson | (Appointed | 20 March 2022) | |||
| Charity number | 1129069 | ||||
| Principal address | 14Avenue Terrace | ||||
| Westcliff on Sea | |||||
| Essex | |||||
| SSO 7PL | |||||
| Independent | examiner | PA Stafford FCCA | |||
| 457 Southchurch | Road | ||||
| Southend on Sea |
|||||
| Essex | |||||
| SS12PH | |||||
| Bankers | CAF Bank Limited | ||||
| 25 Kings Hill Avenue |
|||||
| Kings Hill |
|||||
| West Mailing | |||||
| Kent | |||||
| ME194JQ | |||||
| Property Trustees | The Baptist Union | Corporation | |||
| Baptist House | |||||
| 129Broadway | |||||
| Didcot | |||||
| Oxon | |||||
| OX11 8RT |
| Page | |||
|---|---|---|---|
| Trustees' report |
1-8 | ||
| Independent examiner's |
report | 10 | |
| Statement offinancial | activities | ||
| Balance sheet | 12 | ||
| Statement ofcash flows | 13 | ||
| Notes to the financial | statements | 14-26 |
| Unrestricted | Restricted | Total | Unrestricted | Restricted | Total | ||||
|---|---|---|---|---|---|---|---|---|---|
| funds | funds | funds | funds | ||||||
| 2021 | 2021 | 2021 | 2020 | 2020 | 2020 | ||||
| Notes | K | K | E | ||||||
| Income and endowments | from: | ||||||||
| Donations and |
legacies | 75,260 | 11,029 | 86,289 | 83,246 | 11,000 | 94,246 | ||
| Charitable activities |
5,902 | 204 | 6,106 | 5,055 | 796 | 5,851 | |||
| Investments | 19,351 | 19,351 | 19,429 | 19,429 | |||||
| Other income | 5,178 | 5,178 | 1,248 | 1,248 | |||||
| Total Income | 105,691 | 11,233 | 116,924 | 108,978 | 11,796 | 120,774 | |||
| Charitable activities |
7 | 139,924 | 7,983 | 147,907 | 174,973 | 9,409 | 184,382 | ||
| Net gains/(losses) | on | ||||||||
| investments | 48,774 | 48,774 | 44,480 | 44,480 | |||||
| Gross transfers | between | ||||||||
| funds | (32,167) | 32,167 | |||||||
| Net movement | In | funds | 14,541 | 3,250 | 17,791 | (53,682) | 34,554 | (19,128) | |
| Fund balances | at 1 January | ||||||||
| 2021 | 573,243 | 131,634 | 704,877 | 626,925 | 97,081 | 724,006 | |||
| Fund balances | at | 31 | |||||||
| December 2021 | 587,784 | 134,884 | 722,668 | 573,243 | 131,635 | 704,878 |
| 8,T38 539:6' |
6,$82 59j„gf |
|
|---|---|---|
| M2„658 | ||
| Ce&itors. a~un% falling due vrlgAg | ||
| OAQ }f983' | ||
| ggt ggff~~ | ||
| %7,784 | ||
| 722.688 |
| 2021 | 2020 | |||||
|---|---|---|---|---|---|---|
| Notes | ||||||
| Cash flows from operating | activities | |||||
| Cash absorbed by operations |
22 | (23,659) | (102,433) | |||
| Investing activities |
||||||
| Purchase oftangible fixed assets |
(6,072) | (8,764) | ||||
| Purchase of investments | (33,664) | (15,653) | ||||
| Proceeds on disposal of investments | 49,256 | 19,913 | ||||
| Investment income received |
19,351 | 19,429 | ||||
| Net cash generated from investing |
||||||
| activities | 28,871 | 14,925 | ||||
| Net cash used in financing | activities | |||||
| Net Increase/(decrease) in |
cash and | cash | ||||
| equivalents | 5,212 | (87,508) | ||||
| Cash and cash equivalents | at beginning | ofyear | 171,605 | 259,113 | ||
| Cash and cash equivalents | at end of | year | 176,817 | 171,605 |
| Unrestricted | Restricted | Total | Unrestricted | Restricted | Total | ||
|---|---|---|---|---|---|---|---|
| funds | funds | funds | funds | ||||
| 2021 | 2021 | 2021 | 2020 | 2020 | 2020 | ||
| E | f. | E | |||||
| Donations | and gifts | 69,718 | 265 | 69,983 | 83,246 | 83,246 | |
| Legacies | receivable | 5,542 | 5,542 | ||||
| General grants | |||||||
| receivable | 10,764 | 10,764 | 11,000 | 11,000 | |||
| 75,260 | 11,029 | 86,289 | 83,246 | 11,000 | 94,246 |
| 2021 | 2020 | |||
|---|---|---|---|---|
| Donations | received for other organisations | 204 | 796 | |
| Charitable | rental income | 5,902 | 5,055 | |
| 6,106 | 5,851 | |||
| Analysis | by fund | |||
| Unrestricted | funds | 5,902 | 5,055 | |
| Restricted | funds | 204 | 796 | |
| 6,106 | 5,851 |
| Unrestricted | Unrestricted | ||
|---|---|---|---|
| funds | funds | ||
| 2021 | 2020 | ||
| E | F | ||
| Rental | income | 6,998 | 9,600 |
| Income | from listed investments | 12,338 | 9,662 |
| Interest | receivable | 15 | 167 |
| 19,351 | 19,429 |
| Unrestricted | Unrestricted | |||
|---|---|---|---|---|
| funds | funds | |||
| 2021 | 2020 | |||
| f | ||||
| Government | grants | 5,178 | 1,248 | |
| Charitable activities |
||||
| 2021 | 2020 | |||
| Staff costs | 62,786 | 81,735 | ||
| Depreciation | and impairment | 3,516 | 2,582 | |
| Premises costs | 46,039 | 61,009 | ||
| Events, organisations | and missions | 2,857 | 2,801 | |
| Administration | expenditure | 4,661 | 8,422 | |
| Legal and professional | 9,158 | 5,760 | ||
| Accountancy | fees | 4,385 | 8,275 | |
| 133,402 | 170,584 | |||
| Grant funding | ofactivities (see note 8) | 14,505 | 13,798 | |
| 147,907 | 184,382 | |||
| Analysis by |
fund | |||
| Unrestricted | funds | 139,924 | 174,973 | |
| Restricted funds |
7,983 | 9,409 | ||
| 147,907 | 184,382 |
| 7 | Government grants Charitable activities |
|---|---|
| 2021 | 2020 | ||
|---|---|---|---|
| f | |||
| Grants | to institutions: | ||
| Baptist | Home Mission - mission support | 4,900 | 6,000 |
| Baptist | Missionary Society - mission support |
5,500 | 6,000 |
| Church | From Scratch Support | 1,000 | |
| Shared | Space - Covid Assistance | 1,000 | |
| Avenue | Contact Centre - Mission support | 2,000 | |
| Other | 1,105 | 798 | |
| 14,505 | 13,798 |
| Employment costs |
2021 | 2020f |
|---|---|---|
| Wages and salaries | 54,749 | 71,161 |
| Social security costs | 526 | 1,216 |
| Other pension costs | 7,511 | 9,358 |
| 62,786 | 81,735 |
| Unrestricted | Unrestricted | |||
|---|---|---|---|---|
| funds | funds | |||
| 2021 | 2020 | |||
| f | ||||
| Revaluation | of | investments | 46,116 | 51,095 |
| Gain/(loss) | on | sale of investments | 2,658 | (6,615) |
| 48,774 | 44,480 |
| 12 | Tangible fixed assets | ||||
|---|---|---|---|---|---|
| Fixtures and | Computers | Total | |||
| fittings | |||||
| K | |||||
| Cost | |||||
| At 1 January 2021 | 6,156 | 2,608 | 8,764 | ||
| Additions | 4,617 | 1,455 | 6,072 | ||
| At 31 December 2021 | 10,773 | 4,063 | 14,836 | ||
| Depreciation and impairment |
|||||
| At 1 January 2021 | 1,539 | 1,043 | 2,582 | ||
| Depreciation charged |
in the year | 2,308 | 1,208 | 3,516 | |
| At 31 December 2021 | 3,847 | 2,251 | 6,098 | ||
| Carrying amount |
|||||
| At 31 December 2021 | 6,926 | 1,812 | 8,738 | ||
| At 31 December 2020 | 4,617 | 1,565 | 6,182 |
| Unlisted | ||
|---|---|---|
| investments | ||
| Cost or valuation | ||
| At 1 January 2021 | 506,421 | |
| Additions | 33,664 | |
| Valuation changes |
48,774 | |
| Disposals | (49,257) | |
| At 31 December 2021 | 539,602 | |
| Carrying amount |
||
| At 31 December 2021 | 539,602 | |
| At 31 December 2020 | 506,421 | |
| 2021 | 2020 | |
| Investments at fair value comprise: |
||
| Listed Investments | 539,602 | 504,147 |
| Cash | 2,274 | |
| 539,602 | 506,421 |
| The book | value ofinv | estments held at the |
year end isf429,211 (2020: | F437,952) | ||
|---|---|---|---|---|---|---|
| 14 | Financial | Instruments | 2021 | 2020 | ||
| K | K | |||||
| Carrying | amount offinancial assets | |||||
| Instruments measured |
at fair value through | profit or loss | 539,602 | 506,421 | ||
| 15 | Debtors | |||||
| 2021 | 2020 | |||||
| Amounts | falling due | within one year: | K | |||
| Trade debtors | 4,356 | 32,406 | ||||
| Other debtors | 8,939 | |||||
| Prepayments and accrued income |
337 | |||||
| 13,632 | 32,406 |
| 16 | Creditors: amounts | Creditors: amounts | falling due within one year | ||
|---|---|---|---|---|---|
| 2021 | 2020 | ||||
| K | |||||
| Other taxation | and social security | 801 | |||
| Trade creditors | 6,330 | 209 | |||
| Other creditors | 51 | 51 | |||
| Accruals and deferred | income | 9,740 | 10,675 | ||
| 16,121 | 11,736 |
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| Movement | in funds | ||||||
|---|---|---|---|---|---|---|---|
| Balance at | Resources | Balance at | Incoming | Resources | Balance at | ||
| 1January 2020f |
expended | 1January 2021 f |
resources | expended | 31 December 202Il |
||
| Pension deficit fund | 124,554 | (4,175) | 120,379 | (5,664) | 114,715 | ||
| Designated | Legacy Fund | 5,542 | 5,542 | ||||
| 124,554 | (4,175) | 120,379 | 5,542 | (5,664) | 120,257 |
| Unrestricted | Restricted | Total | Unrestricted | Restricted | Total | ||
|---|---|---|---|---|---|---|---|
| funds | funds | funds | funds | ||||
| 2021 f |
2021 f |
2021 f |
2020 f |
2020f | 2020f | ||
| Fund balances at 31 | |||||||
| December | 2021 are | ||||||
| represented | by: | ||||||
| Tangible assets | 8,738 | 8,738 | 6,182 | 6,182 | |||
| Investments | 439,602 | 100,000 | 539,602 | 506,421 | 506,421 | ||
| Current assets/(liabilities) | 139,444 | 34,884 | 174,328 | 60,640 | 131,635 | 192,275 | |
| 587,784 | 134,884 | 722,668 | 573,243 | 131,635 | 704,878 |
| 22 | Cash generated from |
operations | operations | 2021 | 2020 | |||
|---|---|---|---|---|---|---|---|---|
| R | ||||||||
| Surplus/(deficit) for the |
year | 17,791 | (19,128) | |||||
| Adjustments for: |
||||||||
| Investment income recognised |
in statement | offinancial | activities | (19,351) | (19,429) | |||
| (Gain)/loss on disposal |
of investments | (2,658) | 6,615 | |||||
| Fair value gains and losses on | investments | (46,116) | (51,095) | |||||
| Depreciation and impairment oftangible |
fixed assets | 3,516 | 2,582 | |||||
| Movements in working |
capital: | |||||||
| Decrease/(increase) in |
debtors | 18,774 | (14,209) | |||||
| Increase/(decrease) in |
creditors | 4,385 | (7,769) | |||||
| Cash absorbed by operations |
(23,659) | (102,433) | ||||||
| 23 | Analysis ofchanges | in net funds | ||||||
| The charity had no debt during | the year. |